The European Commission is putting high pressure on financial institutions for the SEPA compliance in 2010. Most of the European banks have to re-engineer their payments applications in order to merge Euro domestic and Euro Cross-border channels. In the meantime the banks have to comply with SWIFTNet phase II and to set their strategy regarding their direct or indirect connectivity to TARGET 2 and the new Pan European ACH.
The Sterci solution, scalable, robust and secure, is built on BEA AquaLogic SOA infrastructure and includes the following key services:

• SWIFT connectivity FIN-FileAct-InterAct for easy access to SEPA compliant payments market infrastructures TARGET 2 and Pan European ACH.
• Bulking – Unbulking of low-value payments for Corporates to Bank as well as Bank to ACH file processing.
• RMA SWIFTNet phase 2 relationship management application to check the validity of the relation prior to issuing a payment.
• XML ISO 20022 data mapping (payments, funds, cash reporting, Exceptions & Investigations to easily bridge legacy application to the new standards
• AML filtering against black lists to comply with EU directives
• Reconciliation of any transaction including payments, forex, money market, securities Those re-usable services are delivered through SOA compliant Sterci existing products in the BEA Enterprise Service Bus.